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that's the rub... federal debt.
the budget deficit is tame, debt is where the rubber hits the road. like dc_dux pointed out: foreign investment is the most worrisome part of that... should we continue to lower interest rates china may start dumping those dollars at wholesale prices causing uncheckable inflation.
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If you will not fight when your victory will be sure and not too costly, you may come to the moment when you will have to fight with all the odds against you and only a precarious chance for survival. There may even be a worse case. You may have to fight when there is no hope of victory, because it is better to perish than to live as slaves.
~ Winston Churchill
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